XAO Banter Thread

[CanOz]

Just offering an opinion before the event. The markets V.short here. Friday arvo counter move is the normal play.

ahh k, yeah agree too short etc...By uptrend you mean the previous uptrend in those stocks...?

 

[skc]

Just offering an opinion before the event. The markets V.short here. Friday arvo counter move is the normal play.

What about the fact that we have a long weekend coupled with non-farm payroll tonight + plenty of Chinese data on Sunday.

Takes a brave soul to hold anything over the weekend.

 

[CanOz]

What about the fact that we have a long weekend coupled with non-farm payroll tonight + plenty of Chinese data on Sunday.

Takes a brave soul to hold anything over the weekend.

But you might want to cover your shorts....hence the rally?

 

[skc]

But you might want to cover your shorts....hence the rally?

I think if we are ralling for any reason it'd be because TH called it

 

[CanOz]

I think if we are ralling for any reason it'd be because TH called it

lol...

But yeah, I'm just trying to get my head around that and how the Asian markets will react to all this, as you and TH pointed out this day is quite significant....you won't want to be short or long going into NFP...so a liquidation of inventory, short or long will happen near each market close, if it hasn't happened already on some (NK)...

The ES is at a critical inflection point (again), the conundrum with the dollar/commodities/bonds needs to be shaken out....

Just thinking about how this could play out either way...

CanOz

 

[MrBurns]

Dunno about all that but my shorts are on fire and I'm hoping for a soup handle to form over my candle so I can join the line for the non farm payroll.

 

[CanOz]

Dunno about all that but my shorts are on fire and I'm hoping for a soup handle to form over my candle so I can join the line for the non farm payroll.

lol @ Burnsy...

You think its hard to understand? You should try to articulate what i see going on with Gold/Crude/Dollar/Bonds right now!

CanOz

 

[MrBurns]

lol @ Burnsy...

You think its hard to understand? You should try to articulate what i see going on with Gold/Crude/Dollar/Bonds right now!

CanOz

Suppose I should get into it but I don't see how anyone can predict the market with charts, though I guess certain themes repeat themselves...........I prefer to look up at the sky fondling worry breads and wait for a sign.

 

[CanOz]

Suppose I should get into it but I don't see how anyone can predict the market with charts, though I guess certain themes repeat themselves...........I prefer to look up at the sky fondling worry breads and wait for a sign.

Worry beads?

Charts are just a way to organize the information that the market gives you....this allow you to use the information to form ideas about the probabilities of x or y happening. Also, they give you places where a trade is possible, where the odds of you winning or losing maybe easily decided.

The futures markets drive the equities markets, if there is a reasonable inventory balance to the short side going into this weekend, these people will want to unload their position before the end of business, creating an imbalance, resulting an price rising into the close. Perhaps even in a frantic manner to get the best price. So that is the trade idea, now we just have to wait to see if it play out.

CanOz

 

[MrBurns]

Worry beads?

Charts are just a way to organize the information that the market gives you....this allow you to use the information to form ideas about the probabilities of x or y happening. Also, they give you places where a trade is possible, where the odds of you winning or losing maybe easily decided.

The futures markets drive the equities markets, if there is a reasonable inventory balance to the short side going into this weekend, these people will want to unload their position before the end of business, creating an imbalance, resulting an price rising into the close. Perhaps even in a frantic manner to get the best price. So that is the trade idea, now we just have to wait to see if it play out.

CanOz

Thanks for the explanation there should be more of it in here, you taking the time is appreciated.

Worry beads, not me but I remember a developer wondering weather to buy a property from me years ago (I was an agent) he fiddled wit these beads and mumbled to himself for ages then decided against it.

The location took off and now it's the home of a very large Dick Smith outlet...................the sale of worry beads declined after that.

 

[CanOz]

Ahh worry beads, like Rene Rivkin...

 

[CanOz]

Struth...long liquidation???

 

[Ves]

Struth...long liquidation???

I sometimes play around with a demo account on Plus500 for trading indexes / forex. Opened it up whilst I have a quiet few hours. Long at 4,750, stop set at 4737. Bet it gets stopped out.

 

[CanOz]

I sometimes play around with a demo account on Plus500 for trading indexes / forex. Opened it up whilst I have a quiet few hours. Long at 4,750, stop set at 4737. Bet it gets stopped out.

hmmm, you might be alright, some nice green candles on the NK and the SPI now...maybe its started...!

 

[VSntchr]

I sometimes play around with a demo account on Plus500 for trading indexes / forex. Opened it up whilst I have a quiet few hours. Long at 4,750, stop set at 4737. Bet it gets stopped out.

I won $500 on a scratchie the other week, so I put it in my IG account and was prepared to lose it. I pretty much treat it as a demo account and trade the index and forex.

I've been going mainly short AUD/USD and Short ASX200.

Its up to $1,200 now. Not sure if this is a good thing or a bad thing tho...

 

[Ves]

hmmm, you might be alright, some nice green candles on the NK and the SPI now...maybe its started...!

So far so good. Also long gold at 1412.91. Stop 1402.80. I usually only bring the fake money account out on a Friday night after a few beers for a giggle. But hey, long weekend and if I go outside I might get sunburnt.

edit: stop moved to 4,744. If it goes below that from here the trade is dead.

 

[CanOz]

So far so good. Also long gold at 1412.91. Stop 1402.80. I usually only bring the fake money account out on a Friday night after a few beers for a giggle. But hey, long weekend and if I go outside I might get sunburnt.

You want to see the market go off tonight...have you ever sat up and watched Non Farm Payroll night?

Luckily its early here, like 8:30..

CanOz

 

[Ves]

You want to see the market go off tonight...have you ever sat up and watched Non Farm Payroll night?

Luckily its early here, like 8:30..

CanOz

I have a few times. It's even better when Helicopter Ben or someone else opens their mouth.

 

[Ves]

Stop hit!

 

[CanOz]

Stop hit!

Just a tad too high... lol

Short covering had started yeah?

CanOz